Don't Ignore This Chart!

Homebuilder ETF fails at resistance $XHB

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The Homebuilders SPDR (XHB) surged to resistance at the end of Septmeber, but failed to follow through with a breakout in October. After trading flat for two weeks, the ETF is starting to move lower and showing relative weakness. Again.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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